Notwithstanding such Repeal, all Contracts, Conveyances, Leases, Deeds, Appointments, Agreements, Mortgages, Bonds, Covenants, and Securities made or entered into before the Commencement of this Act to, with, in favour of, or by, for, or on behalf of the Two Companies respectively, or any Person on their respective Behalf, shall be and remain as good, valid, and effectual in favour of, against, and with reference to the Two Companies respectively, and may be proceeded on and enforced in like Manner to all Intents and Purposes, as if this Act were not passed.